usiness is generally expected to constitute a passive activity loss that is subject to the deductibility limitations described above. Limitation on Deductibility of Net Losses. In the case of a noncorporate taxpayer, any net business loss for any taxable year beginning during the period 2018 through 2025 may not be used t

m USA, including investments in partnerships engaged in certain trades or businesses may constitute passive activity income or loss. Limitation on Deductibility of Net Losses. In the case of a noncorporate taxpayer, any net business loss for any taxable year beginning during the period 2018 through 2025 may not be used t